Flight bookings are finally bouncing back to pre-pandemic levels, providing some much-needed good news for airline companies that have struggled to survive two years of demand destruction. A recent report Continue Reading
Rystad: Global oil and gas investment is set to rise by 20% this year. In the United States, investment in shale is set to increase by 35%. Oil frontiers like Continue Reading
Through 2021 the federal waters of the northern Gulf of Mexico (OCS) have cumulative production of 23.4 Bbo and 193 Tcf. The deepwater (water depths > 1000’ as defined by Continue Reading
Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after Continue Reading
Record high gas prices are starting to take a toll on the American consumer. Demand for gasoline in mid-May fell to one of its lowest levels for this time of Continue Reading
The Permian is expected to be the main driver of U.S. production growth in 2022. Supply chain snarls are starting to weigh on Permian production growth. Oilfield service companies are Continue Reading
The price of gasoline is considered one of the most important indicators for everything from the health of the national economy to the President’s approval, but diesel plays a more Continue Reading
Since Monday, the national average for a gallon of regular gasoline has increased by a penny to $4.60. According to new data from the Energy Information Administration (EIA), total domestic Continue Reading
Windfall Taxes Will Raise Price of Crude, Analyst Sen Says BP Plc said it will look again at its plans in the UK, raising questions about whether a £5 billion Continue Reading
Windfall Taxes Will Raise Price of Crude, Analyst Sen Says BP Plc said it will look again at its plans in the UK, raising questions about whether a £5 billion Continue Reading
